Friday, January 29, 2021

GameStop, Bitcoin and QAnon: How the Wisdom of Crowds Became the Anarchy of the Mob - WSJ

As we see internet-fueled, alternate-reality manias continue to proliferate, the lesson is this: These freak outbursts are not going away. From the Rohingya ethnic cleansing in Myanmar and WhatsApp-related killings in India to the Capitol riot and the stock-market takeover, these individual phenomena are each unlikely, but social media all but guarantees more of them. The leverage the algorithms provide for those who wish to spread these ideas, however extreme, gives them the ability to reach us all.
https://www.wsj.com/articles/gamestop-bitcoin-and-qanon-how-the-wisdom-of-crowds-became-the-anarchy-of-the-mob-11611928823


_- Steve

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